Supply Chain Risk Management

 

 

Assume the role of a supply chain manager within an organization of your choice. Executive management has requested from you a presentation concerning supply chain risks associated with the organization and an action plan to mitigate those risks. Prepare a PowerPoint presentation to present your plan to the higher-level executives.

In your presentation,

Identify three types of supply chain risks (one slide).
Develop an action plan to mitigate the risks (two to three slides).
Review how technology will be used to understand the voice of the customer (one to two slides).
Define what type of performance measures will be used to monitor the risks or when the customer’s expectations change (one to two slides).
Explain how the supply chain manager will use the basic lean tools and approaches to provide a quality product, on-time, and at the lowest cost (two to three slides).

Sample Solution

Supply Chain Risk Management
Today’s supply chain risks are increasingly diverse as disruptions can come from a wide variety of sources, including physical damage at production facilities, natural disasters, strikes and labor disputes, inventory stocks problems and incorrect forecasts. Types of supply chain risks include: strategy risk, which involves choosing the right supply management strategy; market risk, which involves a company’s brand, compliance, financial and market exposure; and implementation risk, which involves supplier implementation lead-times, production and performance ability. These risks can be mitigated by: evaluating and identifying current risks, which involves taking a critical look at your business and identifying areas with risk exposure; prioritize by probability and impact; ensure supplier quality; and being aware of suppliers’ risks, that is, being aware of risks your suppliers may face, including regulations compliance, country risk, or anything that may impact their ability to serve you.

dardised networking across schools with libraries of curated content – essentially the model we have implemented in Moscow. As far as resources are concerned, the big demand is not only for content, but comprehensive guidance on teaching the content – so that each learning resource comes with instructions and examples of ‘how to teach’. This is especially important in developing countries where the teachers’ knowledge and skills are low. Online teacher communities will continue to become more and more important as centres for the sharing of resources, practice and mutual support.
Subject-wise, although traditional emphasis has always been on STEM subjects, the overriding priority for education systems is, and will continue to be, literacy.
In most countries Technical and Vocational Education will become increasingly important, especially as economies move from the production of simple commodities (agriculture, raw materials) to complex (manufactured goods, technology and services). The biggest challenge for TVE from a teaching and learning perspective is assessment – how do we define competencies and skills in this sector, and how do we assess and certify them to international standards? Technology that allows for the assessment of complex skills both in the classroom and onsite (through mobile devices) would be extremely valuable. There is also an opportunity to use A.I. for this, as it will allow for the assessment of intricate tasks and projects beyond simple testing.
We are seeing a move away from high stakes international testing (such as PISA, TIMS etc.) and the use of statistics and Big Data in education. There has been little evidence to date that these systems are useful to course correct or inform policy and practice. Despite the efforts of bodies like the OECD these tests struggle to assess the complex competencies and skills that will increasingly be needed over the next few years. While they have certain political currency, the impact on classroom practice appears to be largely negative as teachers are under increasing pressure to compile data, which detracts from teaching itself, and teach to the test. National boards, like OFSTED in the UK, are now moving away from the statistical ‘evidence of progress’ towards inspections focussed on the quality of teaching and learning in the classroom and we are seeing similar trends worldwide.
In summary – for centralised and developing education systems the next three to five years will see:
1. The need for standardised and central administrative control over resources, co

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